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Shanes Special Shoes Pro Forma Journals Essay Example
- Category:Finance & Accounting
- Document type:Math Problem
- Level:Undergraduate
- Page:1
- Words:589
Shane’s Special Shoes Pro Forma Journals
MAA261 Assessment 2 Case Study
Name Yonghua Chen
ID 214372461
Cash received entries
received |
Sales tax |
Stock sold |
Sales discount |
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Refference no |
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brownies |
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Sales revenue |
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Feet n stuff |
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Feet n stuff |
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Sales revenue |
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Cash Paid Journal
Discount received |
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Cheque no |
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interest |
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boundays |
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Clearblue |
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Aura electricity |
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Opus billing |
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Australian |
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Ruthless real estate |
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insurance |
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Bank charges |
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Journal entries on sales |
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Refference |
Stock cost |
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4/7/2014 |
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Feet n stuff |
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Journal entry on purchases
refference |
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Deep sky shoe |
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Clearblue bootmakers |
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LEDGERS ENTRIES
DEBTOR ACCOUNTS
Autheys 102-1
discount |
0 |
||||
discount |
Brownies 102-2
discount |
0 |
||||
Feet n Stuff 102-3
discount |
|||||
0 |
|||||
Froggys 102-4
4/7/2015 |
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discount |
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Return outwards |
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STOCK accounts
Aquanita 103-1
purchases |
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0 |
|||||||
Blithe 103-2
purchases |
|||||||
Constanta 103-3
8/7/2015 |
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purchases |
|||||||
Dryburgh 103-4
4/7/2015 |
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purchases |
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0 |
|||||||
Creditors’ accounts
Andos 200-1
discount |
0 |
|||||
Boundys 200-2
discount |
0 |
|||||
discount |
0 |
|||||
ClearBlue Bootmakers 200-3
discount |
0 |
|||||
purchase |
||||||
Reurn outwards |
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Deep Sky 200-4
purchases |
||||||
discount |
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21/7/2015 |
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discount |
0 |
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Accounts
22,609Dr |
|||||
SUPPLIES ON HAND 101
Closing stock |
|||||
SALES CONTROL ACCOUNT 102
14,020Dr |
|||||
Total sales |
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Cash receipts |
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Sales return |
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Bad debts |
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Discount allowed |
STOCK 103
13,750Dr |
|||||
purchase |
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STOCK loss |
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aquanita |
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Blithe 48*165 |
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Constaunta 28*220 |
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PREPAID ADVERTISING 104
PREPAID INSURANCE 105
Insurance expense |
0 |
||||
PREPAID RENT 106
Rent expense |
|||||
1/8/2015 |
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GST PAID 107
DELIVERY VEHICLES – AT COST 150
20,000Dr |
|||||
ACCUMULATED DEPRECIATION (DELIVERY VEHICLES) 151
accumulated |
|||||
FURNITURE & FITTINGS – AT COST 160
ACCUMULATED DEPRECIATION – FURNITURE & FITTINGS 161
31/7/2014 |
depreciation |
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OFFICE EQUIPMENT 170
ACCUMULATED DEPRECIATION – OFFICE EQUIPMENT 171
depreciation |
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PURCHASES CONTROL ACCOUNT 200
purchases |
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Cash purchases |
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Discount received |
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TELEPHONE PAYABLE 201
ELECTRICITY PAYABLE 202
INTEREST PAYABLE 203
Interest expense |
0 |
||||
GST COLLECTED 204
31/72015 |
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PAYG PAYABLE 205
WAGES PAYABLE 206
BANK LOAN 250
10,000Cr |
|||||
CAPITAL ACCOUNT 300
53,387Cr |
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DRAWINGS 301
SALES INCOME 400
13/7/2015 |
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SALES RETURNS & ALLOWANCES 401
Clear line |
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SALES DISCOUNT 402
COST OF STOCK SOLD 500
1/7/2015 |
Opening stock |
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31/7/2015 |
purchases |
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Closing stock |
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DISCOUNT RECEIVED 501
31/12/15 |
purchases |
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STOCK LOSS 502
constanta |
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ADVERTISING EXPENSE 601
Bank (the age) |
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BAD AND DOUBTFUL DEBTS EXPENSE 602
Accont receivable |
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BANK CHARGES 603
DEPRECIATION EXPENSE – MOTOR VEHICLES 604
accumalted |
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DEPRECIATION EXPENSE – FURNITURE & FITTINGS 605
DEPRECIATION EXPENSE – OFFICE EQUIPMENT 606
ELECTRICITY EXPENSE 607
INSURANCE 608
Prepaid insurance |
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RENT EXPENSE 609
SUPPLIES EXPENSE 610
Supplies on hand |
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TELEPHONE EXPENSE 611
WAGES EXPENSE 612
INTEREST EXPENSE 613
Trial BALANCE.
As at 31st July 2015
-
Supplies on hand
Acc receivable
Opening stock
Prepaid insurance
Prepaid rent
Motor vehicle
furniture
Office equip
Acc payable
Bank loan
Sales returns
Discount allowed
Advertisement expense
Bad and doubtful debts
Bank charges
Insurance, rent
Supplies expense
purchases
DEBTOR Schedule
as at 31st July 2015
Autheys Shoe Shop |
||
Brownies Boots |
0 |
|
Feet “n” Stuff |
0 |
|
Froggys Footwear Centre |
||
STOCK schedule
as at 31st July 2015
Aquanita Regular Shoes |
||
Blithe Universal Shoes |
||
Constanta Select Shoes |
||
Dryburgh Exclusive Shoes |
0 |
|
creditors schedule
as at 31st July 2015
Andos Leather Supplies |
0 |
|
Boundys Shoe Manufacturer |
0 |
|
ClearBlue Bootmakers |
||
Deep Sky Shoe Suppliers |
0 |
|
Profit and loss
for the month ending 31st July 2015
Less sales return |
||
Less cost of sales |
||
Cost of sales |
||
Gross profit |
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Less expense |
||
Depreciation |
||
Bank charges |
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Insurance and rent |
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Discount allowed |
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Bad debts |
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Net profit |
||
Equity changes
for the month ending 31st July 2015
Opening equity |
||
Net profit |
||
Bank Reconciliation Statement
as at 31st July 2015
BAL. as per cash book |
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Direct deposit |
||
Less unpresented cheque |
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Less charges |
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Bank BAL. |
Balance sheet
as at 31st July 2015
Fixed assets |
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Delivery vehicle |
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Furniture and fittings |
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Office equipment |
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Current assets |
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Account receivable |
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prepayments |
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Current liabilities |
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Account payable |
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accruals |
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Net assets |
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Financed by |
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